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Bosworth Place 3438 Bosworth Rd Immeuble residentiel 11 lots 591 448 € (53 768 €/Lot) Taux de capitalisation 4,82 % Cleveland, OH 44111
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Informations principales sur l'investissement
- 10,450 SF · 11 units (3×2BD/1BA | 8×1BD/1BA) · 3 stories · Built 1925
- $140,000–$250,000+ in capital improvements completed by seller
- Section 8 (CMHA) tenant in place at $1,034/month — above market rate
- 73% occupied (8 of 11 units) — 3 recently renovated vacancies, move-in ready
- Full roof replacement · Complete plumbing stack overhaul · All-new water heaters
- CMHA payment standards: ~$1,050/mo for 1BD · ~$1,150/mo for 2BD
Résumé analytique
3438 Bosworth Road is an 11-unit brick multifamily building located in the West Boulevard / Kamms Corner neighborhood of Cleveland, Ohio. Built in 1925 and spanning 10,450 SF across three stories, the property is offered for sale at $675,000 ($61,364/unit).
The building features a unit mix of 3 two-bedroom/one-bath and 8 one-bedroom/one-bath apartments, currently 73% occupied (8 of 11 units). Three recently renovated vacancies are move-in ready with no additional capital required. One unit is leased to a Section 8 (CMHA) tenant at $1,034/month — above market rate — with utilities included in the CMHA payment.
The seller has completed a comprehensive capital improvement program estimated at $140,000–$250,000+, covering a full roof replacement, complete plumbing stack overhaul, all-new water heaters building-wide, partial furnace replacement (6 of 11 units), and common area restoration. The property carries current Lead Certification. On-site coin laundry via CSC ServiceWorks. At stabilization, the asset projects NOI of $68,005 (low blended) to $105,987 (peak/CMHA), implying cap rates of 10.07% to 15.70% at asking price.
3438 Bosworth Road is situated in the West Boulevard / Kamms Corner neighborhood on Cleveland's west side — one of the city's most stable, owner-occupied residential communities. The property sits on West Boulevard, a key north-south arterial connecting Lorain Avenue to Rocky River Drive and Lakewood, with walkable access to Kamms
Corner's retail and dining corridor on Lorain Avenue (13,700+ vehicles/day).
Downtown Cleveland is approximately 7 miles east via Lorain Ave / I-90. Cleveland-Hopkins International Airport is approximately 8 miles via I-480. Rocky River Reservation and Brookside Reservation of the Cleveland Metroparks are within 2–3 miles. Regional connectivity via I-90, I-480, and I-71.
The building features a unit mix of 3 two-bedroom/one-bath and 8 one-bedroom/one-bath apartments, currently 73% occupied (8 of 11 units). Three recently renovated vacancies are move-in ready with no additional capital required. One unit is leased to a Section 8 (CMHA) tenant at $1,034/month — above market rate — with utilities included in the CMHA payment.
The seller has completed a comprehensive capital improvement program estimated at $140,000–$250,000+, covering a full roof replacement, complete plumbing stack overhaul, all-new water heaters building-wide, partial furnace replacement (6 of 11 units), and common area restoration. The property carries current Lead Certification. On-site coin laundry via CSC ServiceWorks. At stabilization, the asset projects NOI of $68,005 (low blended) to $105,987 (peak/CMHA), implying cap rates of 10.07% to 15.70% at asking price.
3438 Bosworth Road is situated in the West Boulevard / Kamms Corner neighborhood on Cleveland's west side — one of the city's most stable, owner-occupied residential communities. The property sits on West Boulevard, a key north-south arterial connecting Lorain Avenue to Rocky River Drive and Lakewood, with walkable access to Kamms
Corner's retail and dining corridor on Lorain Avenue (13,700+ vehicles/day).
Downtown Cleveland is approximately 7 miles east via Lorain Ave / I-90. Cleveland-Hopkins International Airport is approximately 8 miles via I-480. Rocky River Reservation and Brookside Reservation of the Cleveland Metroparks are within 2–3 miles. Regional connectivity via I-90, I-480, and I-71.
Informations sur l’immeuble Sous contrat
| Prix | 591 448 € | Style d’appartement | De faible hauteur |
| Prix par lot | 53 768 € | Classe d’immeuble | C |
| Type de vente | Investissement | Surface du lot | 0,06 ha |
| Taux de capitalisation | 4,82 % | Surface de l’immeuble | 971 m² |
| Nb de lots | 11 | Occupation moyenne | 73% |
| Type de bien | Immeuble residentiel | Nb d’étages | 3 |
| Sous-type de bien | Appartement | Année de construction | 1925 |
| Zonage | 2F | ||
| Prix | 591 448 € |
| Prix par lot | 53 768 € |
| Type de vente | Investissement |
| Taux de capitalisation | 4,82 % |
| Nb de lots | 11 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Surface du lot | 0,06 ha |
| Surface de l’immeuble | 971 m² |
| Occupation moyenne | 73% |
| Nb d’étages | 3 |
| Année de construction | 1925 |
| Zonage | 2F |
Lot informations sur la combinaison
| Description | Nb de lots | Moy. loyer/mois | m² |
|---|---|---|---|
| 1+1 | 8 | - | - |
| 2+1 | 3 | - | - |
1 1
Moyennement praticable à pied
60/100
Très bien adapté aux voitures
80/100
Transports en commun limités
30/100
Plutôt praticable en vélo
50/100
Taxes foncières
| Numéro de parcelle | 018-13-118 | Évaluation des aménagements | 143 279 € |
| Évaluation du terrain | 6 348 € | Évaluation totale | 149 628 € |
Taxes foncières
Numéro de parcelle
018-13-118
Évaluation du terrain
6 348 €
Évaluation des aménagements
143 279 €
Évaluation totale
149 628 €
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Bosworth Place | 3438 Bosworth Rd
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